Forex Fundamental Analysis

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EURAUD Analysis

EURAUD 1Hr

The EURAUD is in a down trend and is currently in wave 4, I am expecting the EURAUD to fall completing wave 5 of the 5 wave down move. The EURAUD has also hit the 38.2 Fibonacci retracement level finding supply.

EURAUD 15min

Here on the 15 min time frame  you can see the EURAUD has completed an harmonic pattern rallying to the 1.618 retracement level (1.5404) of the XA leg  and is currently on the verge of possibly forming and head and shoulder pattern. 

Expecting the market to rally to around 1.533-1.535 before falling. However if prices rally and close above 1.537 expect higher prices. Expecting prices to fall first to 1.5261 and a strong close below this level should result in a retest of 1.5175

1000 pips Off EURAUD

Nice week, made over 1000 pips off EURAUD using simple supply and Demand with price action and confluence. Video coming soon. Next week should be interesting waiting to see how the market reacts to the Fed interest rate decision

EURUSD Analysis

EURUSD Daily 

The EURUSD is also in the 4th wave of a downtrend. Expecting the EURUSD to fall over the coming days completing the 5 wave down swing. 

EURUSD True Wave Count

Eurusd 1hr

Here we have an extended 1st wave. Expecting the Eurusd to rally to around 1.0793 before falling.
Key level to watch is 1.0675 if prices fall back below 1.0675 expect lower prices

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